Report
Abbott plans to spin off its nutrition business into a public company by the end of 2027
The Wall Street Journal reports the business has about $8.5 billion in annual sales.
TLDR
Barron’s reports that Abbott plans to separate its global nutrition business into an independent, publicly traded company by the end of 2027. The Wall Street Journal says the business has about $8.5 billion in annual sales. Barron’s says Abbott CEO Robert Ford described the split as a way to focus on its higher-growth portfolio.
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